Tred Avon Family Wealth LLC Invests $728,000 in TotalEnergies SE Sponsored ADR $TTE

Tred Avon Family Wealth LLC purchased a new position in shares of TotalEnergies SE Sponsored ADR (NYSE:TTE) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 12,190 shares of the company’s stock, valued at approximately $728,000.

Other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE raised its holdings in shares of TotalEnergies by 10.0% during the second quarter. Bank of America Corp DE now owns 9,802,968 shares of the company’s stock valued at $601,804,000 after acquiring an additional 888,574 shares during the last quarter. First Trust Advisors LP increased its position in shares of TotalEnergies by 220.3% during the second quarter. First Trust Advisors LP now owns 680,494 shares of the company’s stock worth $41,776,000 after purchasing an additional 468,053 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in TotalEnergies by 295.5% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 545,749 shares of the company’s stock valued at $33,504,000 after purchasing an additional 407,751 shares during the last quarter. Sound Income Strategies LLC purchased a new position in TotalEnergies in the 3rd quarter valued at $17,578,000. Finally, Ameriprise Financial Inc. boosted its stake in TotalEnergies by 16.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,047,687 shares of the company’s stock worth $64,360,000 after purchasing an additional 145,200 shares during the last quarter. 16.53% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Morgan Stanley reissued an “overweight” rating on shares of TotalEnergies in a research note on Tuesday, January 6th. Weiss Ratings reissued a “hold (c)” rating on shares of TotalEnergies in a research note on Wednesday, October 8th. Scotiabank restated a “sector perform” rating and issued a $73.00 price target on shares of TotalEnergies in a research report on Friday. Royal Bank Of Canada reiterated an “outperform” rating on shares of TotalEnergies in a research report on Tuesday, September 30th. Finally, Hsbc Global Res cut TotalEnergies from a “strong-buy” rating to a “hold” rating in a report on Monday, December 1st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $68.36.

TotalEnergies Stock Up 0.9%

TTE stock opened at $66.23 on Friday. TotalEnergies SE Sponsored ADR has a one year low of $52.78 and a one year high of $67.14. The firm has a market cap of $158.80 billion, a PE ratio of 10.70, a PEG ratio of 3.73 and a beta of 0.22. The firm’s 50 day moving average price is $65.19 and its 200-day moving average price is $62.72. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.82 and a current ratio of 1.01.

TotalEnergies (NYSE:TTE) last posted its earnings results on Monday, November 3rd. The company reported $1.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.81 by ($0.04). TotalEnergies had a return on equity of 13.54% and a net margin of 6.98%.The business had revenue of $87.69 billion for the quarter, compared to analyst estimates of $43.66 billion. On average, equities research analysts anticipate that TotalEnergies SE Sponsored ADR will post 8.02 EPS for the current year.

About TotalEnergies

TotalEnergies SE (NYSE: TTE) is a French multinational integrated energy company engaged across the full energy value chain. Founded in 1924 as Compagnie Française des Pétroles, the company grew through a series of mergers and expansions—most notably with Petrofina and Elf Aquitaine around the turn of the millennium—and rebranded to TotalEnergies in 2021 to reflect a broader focus on multiple energy sources. It is organized to operate across upstream and downstream activities while pursuing a transition toward lower-carbon energy solutions.

In upstream, TotalEnergies explores for and produces crude oil and natural gas globally.